Here are the links to summaries of the previous week, followed by what's ahead. This post will be updated later. Weekender-posts coming up later. Plenty of drivers for increased volatility, stay safe and stick with the stop losses. Follow ‘MoreLiver’ on Twitter or Facebook. FRIDAY CLOSE
News – Between
The Hedges
Markets – Between
The Hedges
Recap – Global
Macro Trading
LAST WEEK
Weekly
Scoreboard – Between
The Hedges
table of
weekly changes
Summary
for Week ending May 11th – Calculated
Risk
The key
stories for the week were the elections in France and Greece, and JPMorgan’s $2 billion trading
loss on a synthetic credit position.
Week in
Review – DealBook / NYT
Succinct
summation of week’s events – The
Big Picture
Banks hit by
JPMorgan; Wall Street ends week lower – Reuters
Shares of U.S. banks slumped on Friday after
JPMorgan said it lost billions of dollars on bad trades, but the overall market
ended only modestly lower, thanks to gains in technology shares.
Politics
this week – The Economist
Business
this week – The Economist
NEXT WEEK
Schedule for Week of May 13th – Calculated
Risk
This will
be a busy week. Housing, retail sales and manufacturing data, Eurogroup meets
and EU’s Q1 GDP
Global Week Ahead: G-8, Facebook, Wal-Mart – BB (mp3)
Next Week’s Tape – MarketBeat
/ Wall Street Journal
Facebook IPO, currently set for next Friday
Wall Street Week Ahead – Reuters
More volatility could be in store for stocks
next week as investors grapple with less certainty about the economic outlook
and a new blow to the financial sector after JPMorgan Chase's trading loss.
S&P 500 Earnings Week Ahead – Reuters
Weekly Focus: The Greek tragedy continues – Danske
Bank (pdf)
Government formation in Greece will continue to
attract attention. Also keep an eye on the Eurogroup and Ecofin meetings next
week. Global PMI releases will be important given the current mixed signals on the state
of global growth. This includes the first-ever release of the US Markit flash PMI.
Weekly
Preview – BNY Mellon
Global Weekly Flash – BBVA
High uncertainty remains about Greek
difficulties to form a stable government and the challenge in obtaining the
official financial assistance
Weekly Credit Update – Danske
Bank (pdf)
Following the Greek and French elections last weekend
and renewed tensions about the Spanish banks, the European debt crisis has
taken centre stage again. Consequently, volatility has increased markedly.
Government
bond auctions – Saxo Bank
This week in the EU – euobserver
Eurozone finance ministers will gather in Brussels on Monday (14 May)
amid heightened speculation about Greece's future in the
single currency.
Emerging: Week Ahead – beyond brics / Financial Times
CALENDARS
Economic
Calendar – fxstreet.com
Monthly
Economic Calendar –
fxstreet.com
Debt crisis:
live – The
Telegraph
Europe Crisis Tracker – WSJ
FX Options
Analytics – Saxo
Bank